According to SPER Market Research, the Nanocellulose Market is estimated to reach USD 3.36 billion by 2032 with a CAGR of 22.96%. The Nanocellulose Market is predicted to grow most rapidly in emerging economies. Several reasons for the growth factors are high levels of product demand in the packaging sector, global food and beverage industry growth, escalating demand across a range of end-user sectors for technologically advanced sustainable products, North American oil and gas business is expanding quickly, Asia Pacific’s personal care market is expanding quickly.
Nanocellulose is a cellulose derivative produced from wood pulp. The material is removed from the wood mechanically by applying high shear forces. For high-pressure homogenizers, instance, ultrasonic homogenizers, grinders, microfluidizers, and other equipment are used to create it.
Nanocellulose Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 22.96%
- Forecast Market Size (2032): 3.36 billion
The corona virus pandemic rendered businesses unusable, which caused a sharp decline in revenue. However, the resumption of production facilities and developments in the research sector have helped the industry recover in the post-pandemic period. Government funding for several research activities to further the usage of nanocellulose has also encouraged business development. The nanocellulose sector has seen unheard-of growth as a result of the efforts of entrepreneurs and researchers to develop novel applications for these materials. Additionally, the need for sustainability prompted producers of packaging and composite materials to employ organic products like nanocellulose.
Impact of COVID-19 on the Nanocellulose Market
Businesses were unable to operate as a result of the corona virus epidemic, which led to a dramatic drop in sales. In the post-pandemic period, however, the restart of manufacturing facilities and advancements in research industry have supported the industry’s comeback. Business expansion has also been aided by government financing for several research initiatives to promote the use of nanocellulose. Since researchers and businesses have been working on the creation of fresh uses for these materials, the nanocellulose industry has experienced unheard-of growth. Furthermore, the need for sustainability encouraged manufacturers of composite materials and packaging goods to use bio-based materials like nanocellulose. The market for nanocellulose, particularly from the paper and pulp industries, suffered a significant setback as a result of the pandemic. The use of nanocellulose dropped as paper became less popular and consumers restricted their reading to touch media like magazines and newspapers. However, the businesses began producing PPE like masks and gowns using nonwovens composed of pulp, which revived demand for nanocellulose since it gave these items reduced porosity and hydrophilicity.
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Nanocellulose Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Raw Material:
By Product Type:
- Bacterial Nanocellulose
- Food and Beverage
- Nanocrystalline Cellulose
- Nano-fibrillated Cellulose
- Oil and Gas
- Personal Care
- Biomedical & Pharmaceuticals
- Electronics Sensors
- Food & Beverages
- Oil & Gas
- Paints & Coatings
- Paper Processing
- Personal Care
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Nanocellulose Market Key Players:
The Nanocellulose Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as;Blue Goose Refineries, Borregaard AS, CelluComp, Cellu Force, Fiberlean Technologies, GranBio Technologies, Kruger Inc., Melodea Ltd., Nippon paper industries Co. Ltd., Norske Skog ASA, Research Institutes of Sweden, Stora Enso Biomaterials.
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